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Preserve Long-Term Purchasing Power. Inflation-Adjusted Bond is actively managed to help investors combat the corrosive effects of domestic inflation through holdings in high-quality, inflation-indexed bonds.
Seeks to provide total return and inflation protection consistent with investment in inflation-indexed securities.
At least 80% of the fund's assets are invested in inflation-linked bonds, which are designed to help investors keep pace with rising consumer prices. For example, the U.S. Treasury periodically adjusts the principal on Treasury Inflation-Protected Securities (TIPS) principal to reflect reported changes in the Consumer Price Index (CPI).
The fund’s veteran management team invests primarily in investment-grade securities. TIPS account for the majority of the fund’s holdings and are backed by the full faith and credit of the U.S. government. High-quality bonds generally are less correlated to stock market movements than lower quality securities.
The investment team of sector specialists has the capability to take opportunistic positions in higher yielding bonds, such as corporate, mortgage-backed, and non-U.S. bonds for greater return potential. At the same time, they manage the fund aiming to protect total returns from inflation risk.
Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk. In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-protected securities with similar durations may experience greater losses than other fixed income securities. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid.
Past performance is no guarantee of future results.
Real return primarily through investment-grade, inflation-indexed bonds.
Designed to fight the effects of domestic inflation over a full market cycle by investing primarily in inflation-indexed bonds. Employs comprehensive risk management designed to maximize real return per level of risk.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Learn why 30-Day SEC Yield is not shown for funds that invest in TIPS.
Maturity: Describes the portfolio of the fund in terms of the different maturities of the securities it holds.
Weighted average life to maturity (WALM) is a measure of the sensitivity of a fixed income portfolio to interest rate changes. WALM is the average time in years to receive the principal repayments. Accordingly, WALM reflects how a portfolio would react to deteriorating credit or tightening liquidity conditions.
Senior Vice President, Senior Portfolio Manager
Vice President, Senior Portfolio Manager
Vice President, Portfolio Manager
Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent quarter end.
Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk.
In certain interest rate environments, such as when real interest rates are rising faster than nominal interest rates, inflation-protected securities with similar durations may experience greater losses than other fixed income securities. Interest payments on inflation-protected debt securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable.
The prospectus contains very important information about the characteristics of the underlying security and potential tax implications of owning this fund.
Please see the prospectus for details about sales charges.
Net expense ratio is the total annual operating expense ratio for the fund, net of any fee waivers or expense reimbursements. Gross expense ratio is the total annual operating expense ratio for the fund, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus. This is the actual ratio that investors paid during the fund's most recent fiscal year.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Thomson Reuters Company, subject to the following: Copyright ©2019 Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
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Source: Bloomberg Index Services Ltd
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